Insurance Linked Securities (ILS)

Sensible rules, speedy turnaround times and a competitive fee regime.

Why TISE?

TISE's sensible rules, speedy turnaround times and competitive fee regime, as well as international recognitions which widen the investor base, have helped it attract significant ILS business, including some highly innovate listings.

Innovative.

In November 2021 we became home to another world-first ILS listing when Dunant Re IC Limited – an Incorporated Cell of Replexus ICC (Guernsey) Limited – was admitted to our Official List. It is the first humanitarian catastrophe bond covering pure volcanic eruption and settles via private blockchain. Read more here.


Accessibility.

A listing on TISE enables a company to demonstrate that it adheres to the standards of transparency and governance of a regulated market. This is comforting to investors – it may expand the potential pool of available capital – and it is important for the future development of the company.

Responsive.

Initial applications for listing will receive our response within 3 business days from submission and subsequent reviews will be carried out within 1 business days. The Exchange is also able to consider more unusual transactions and welcomes early initial enquiries in that regard.

How to list on TISE

Appoint a Listing Sponsor?

Companies considering a listing on TISE should have early conversations with one or more of the approved TISE Listing Members in order to ensure the process runs as smoothly as possible. [Link to members]

Listing Conditions

Before an application to list a security is considered for submission to TISE, the appointed Listing Sponsor is required to vet the application against certain conditions for listing prescribed within the Equity Market Listing Rules.

Application for Listing

The applicant, through its appointed Listing Sponsor, must submit certain documents to TISE as required by Equity Market Listing Rules. Documentation requirements include a Listing Document, which can take the form of an existing published prospectus, offering memorandum or scheme particulars, together with supporting documentation such as accounts, where applicable, or certain material contracts as well as various standard application forms provided for within the Equity Market Listing Rules.

Approval

All applications for listing will be processed by the staff of TISE Listing Department. Once satisfied with an application they will submit a report, including their recommendations to TISE’s Listing and Membership Committee (LMC) for the LMC’s consideration.

Listing

If the LMC approves the application, the Listing Document is then filed and the securities are admitted to the Official List.

Equity Market Documents